Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Africa Down Under (August 2018)
18 slides from Prospect Resources's conference presentation, Aug 30, 2018
Slide 1: Africa Down Under: Arcadia Project – Sizing for the Future
For personal use only Africa Down Under Arcadia Project – Sizing for the Future
Slide 2: Disclaimer & Competent Person’s Statements
Disclaimer & Competent Person’s Statements The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd For personal use only (“Prospect Resources or the Company”) or its respectiv
Slide 3: Prospect Resources – Presentation Overview
Prospect Resources – Presentation Overview For personal use only 1 Prospect Resources - Highlights 2 Prospect Resources Corporate Information 3 Arcadia Project Highlights Updated – Phase 1 4 Proven Development Team 5 Arcadia Lithium – Project Location & Infrastructure 6 Current Project Status 7 Glob
Slide 4: Prospect Resources - Highlights
Prospect Resources - Highlights For personal use only An African Lithium and Battery Minerals Development Company Excellent Advanced Mine & Arcadia – A Globally Location & Plant “Broke ground” in Significant Hard Strategic Development Q3 2018 Rock Resource Surrounding Underway Infrastructure • 70% o
Slide 5: Prospect Resources Corporate Information
Prospect Resources Corporate Information Board of Directors Market Data For personal use only Sam Hosack – Managing Director Shares outstanding 28 August 2018 1,981,114,971 ▪ Significant project development experience Market Capitalisation (A$) 28 August 2018 ~53m ▪ Most recently led the building of
Slide 6: Arcadia Project Highlights Updated – Phase 1
Arcadia Project Highlights Updated – Phase 1 Prospect completed a detailed update of its PFS in March 2018:* For personal use only Description Result/ Output Mineral Resource at 1% Li2O Cutoff 43.2 Mt @ 1.41 % Li2O Ore Reserve 26.9 Mt @ 1.31 % Li2O & 128 ppm Ta2O5 Plant Throughput 1,200,000 tpa Life
Slide 7: Proven Development Team
Proven Development Team For personal use only Prospect’s senior team brings a wealth of applicable lithium and development experience, having successfully delivered large complex mine and plant projects in the region with total capex of over US$10 billion. Trevor Barnard – Project Manager progressin
Slide 8: Arcadia Lithium - Project Location & Infrastructure
Arcadia Lithium - Project Location & Infrastructure For personal use only ▪ Zimbabwe under its new Government is “Open for Business” − Significant support from all relevant government departments − Mining lease granted (approx. 14km2) − Surface rights secured − Environmental Approvals in place ▪ Arc
Slide 9: Current Project Status
Current Project Status For personal use only Significant work has been undertaken by the Prospect Resources team in order to reduce the time-to-market. Mine JR Goddard appointed as bulk earth moving construction contractor, and mining contractor. Felling and grubbing complete in mine and TSF com
Slide 10: Current Project Status
Current Project Status For personal use only Significant work has been undertaken by the Prospect Resources team in order to reduce the time-to-market. Market Offtake secured for 70% of Phase 1 production with Sinomine (Spodumene and Petalite concentrate) Offtake renegotiated in April 2018 to take
Slide 11: Global Hard Rock Lithium Resources – Supply
Global Hard Rock Lithium Resources – Supply For personal use only Note: Hard Rock refers to all pegmatite hosted Li deposits only. Mineral Resource estimates for Projects other than Arcadia have been sourced from Company Public Domain sources. These estimates have been prepared under differing estim
Slide 12: Prospect Resources – Sizing for the Future
Prospect Resources – Sizing for the Future For personal use only Prospect’s priority is the development and success of the Arcadia project, which will allow the Company to drive growth in other areas. ▪ Arcadia Project - Prospect has world class regional exploration ability, this is now matched by d
Slide 13: Lithium Carbonate Pilot Plant Process
Lithium Carbonate Pilot Plant Process For personal use only Atomic Absorption Spectrometer for various elemental analyses Petalite post decrepitation at processed at >100 kg per day Acid mixing and baking process Evaporator condensers – for lithium salt concentration Chiller units for the evaporatio
Slide 14: For further information, please contact
For personal use only For further information, please contact Hugh Warner Sam Hosack Harry Greaves Prospect Resources Prospect Resources Prospect Resources Executive Chairman Managing Director Executive Director Mobile: +61 413621652 Mobile: +61 420407890 Mobile:+263 772144669 www.prospectresources.
Slide 15: Appendix I: Arcadia Mineral Ore Reserve & Resources Estimation
For personal use only APPENDIX I Arcadia Mineral Ore Reserve & Resources Estimation 15
Slide 16: Arcadia Ore Reserve
Arcadia Ore Reserve Arcadia Lithium Deposit Ore Reserve Estimate* For personal use only Li2O Ta2O5 Li2O Fe2O3 Category Tonnes Ta2O5 (Mlbs) (%) (ppm) (t) (%) Proved 8,000,000 1.36 128 109,000 2.2 0.93 Probable 18,900,000 1.28 127 242,000 5.3 1.25 TOTAL 26,900,000 1.31 128 351,000 7.6 1.15 Ore Reser
Slide 17: Arcadia Mineral Resource Estimates
Arcadia Mineral Resource Estimates For personal use only High Grade Zone - 1% Li2O Cut-off* Category Tonnes Li2O % Ta2O5 ppm Li2O Tonnes Ta2O5 Mlbs Measured 10,200,000 1.45% 132 148,100 3.0 Indicated 27,200,000 1.39% 119 378,400 7.1 Inferred 5,800,000 1.45% 97 84,000 1.2 GRAND TOTAL 43,200,000 1.41%
Slide 18: Global Hard Rock Lithium Resources
Global Hard Rock Lithium Resources For personal use only Arcadia contains over 2 Mt of Lithium Carbonate Equivalent (LCE) Shows significant rerating of projects when construction commences Prospect appears undervalued when compared to its peers, as shown by market capitalisation – potential ca